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OTHER INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2022
OTHER INTANGIBLE ASSETS |
OTHER INTANGIBLE ASSETS | 12.OTHER INTANGIBLE ASSETS As a result of the Merger, the Company recorded $10.2 million of core deposit intangible assets and a $780 thousand non-compete agreement intangible asset on the Merger Date. ​ The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable and arose from the Merger. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | March 31, 2022 | ​ | December 31, 2021
​ | ​ | Core Deposit | ​ | ​ | Non-complete | ​ | ​ | ​ | ​ | ​ | Core Deposit | ​ | ​ | Non-complete | ​ | ​ | ​
(In thousands) | ​ | Intangibles |  | ​ | Agreement |  | ​ | Total | ​ | ​ | Intangibles |  | ​ | Agreement |  | ​ | Total
Gross carrying value | $ | 10,204 | ​ | $ | 780 | ​ | $ | 10,984 | ​ | $ | 10,204 | ​ | $ | 780 | ​ | $ | 10,984
Accumulated amortization |  | (2,428) | ​ | ​ | (780) | ​ | ​ | (3,208) | ​ |  | (1,962) | ​ | ​ | (660) | ​ | ​ | (2,622)
Net carrying amount | $ | 7,776 | ​ | $ | - | ​ | $ | 7,776 | ​ | $ | 8,242 | ​ | $ | 120 | ​ | $ | 8,362
​ Amortization expense recognized on intangible assets was $586 thousand and $357 thousand for the three months ended March 31, 2022 and 2021, respectively. ​ Estimated amortization expense for the remainder of 2022 through 2026 and thereafter is as follows: ​
​ | ​ | ​ | ​
(In thousands) | ​ | ​ | Total
2022 | ​ | $ | 1,292
2023 | ​ | ​ | 1,425
2024 | ​ | ​ | 1,163
2025 | ​ | ​ | 958
2026 | ​ | ​ | 795
Thereafter | ​ | ​ | 2,143
Total | ​ | $ | 7,776
​

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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